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the two nations. we'll have the latest on his trip from dehli. >> and it's still london's fashion week, yes, strutting its stuff, but how luxury brands are faring. we talk to ceo angela aarons. we'll hear from her later in the show. >>> and taking the positive u.s. housing numbers from the nhab numbers. we'll be in new york with analysis at 11:45 cet. >> the italian election race is heating up. there is less than a week before voters head to the polls. comedian turns politician beppe grillo, in fact, is owes closing in on sylvia berlusconi for second place. official polls can no longer be published. the private polls seen by reuter s suggest mario monti may, in fact b with be something of a spoiler. >> and the election largely coming down to five key candidates. the front-runner is bersani. he's the leader of the center left pd party, calling for growth measures alongside monte's plan. sylvia berlusconi is threatening to make a political comeback despite corruption scandals. we've mentioned the comedian beppe grillo. at the same time, the former caretaker mario monti, he's been struggl
's 12:00 noon here in london. 7:00 a.m. in washington and 1:00 p.m. in the hague where officials say they have unearthed football match-fixing on a scale not seen before. the european police organization stays scam involves millions in bribeds and a crime syndicate based in asia. it results in some high-profile matches including the champions league. >> among the 380 or so suspicious matches identified in this case, they are qualification matches for the european league football championships, two u.a. champions league matches including one played in england and several top-flight matches in the european national league. in addition another 300 suspicious matches were identified outside europe in africa, asia and south and central america. so this is match-fixing activity on a scale not seen before involving hundreds of criminals and corrupted officials and players affecting hundreds of matches and generating very large amounts of elicit profits. it is also the work of a sophisticated international crime syndicate. based in asia and working with criminal facilitators around europe.
've seen -- what was it, the bruin london pack is deepening. so in some ways, it seems as though it's deepening. just a bit of news here following the discussion we had with stephane just a few minutes ago. the french finance ministry is now saying the state is not -- it's taking a stake in peugeot. it's not on the agenda. peugeot shares are down about 2% currently on the cac 40. it says an asset write-down doesn't mean it needs a capital boost, that the write-down doesn't affect its solvability or liquidity and that the probabilities pursue a recovery plan. all of this coming out of the french government is ironic in the first place. now you can see shares falling almost 275%, ross. clearly there is some hope that there would be a benefit here or help from the government without necessarily nationalizing, but they say their priority is to strengthen the gm alliance. we'll keep an eye on gm shares and see if they want to move it along. >> so no stake at the moment, according to french government. meanwhile, the world's fastest main, usain bolt could be ready to end his uk competitio
air from the south, all that warm air continuing to stir up. london on your wednesday, high of 3. 10 here on your thursday. meanwhile, farther across athens, you are continuing to see some rough weather, some thunderstorm activity even lingering for you, snow a little bit farther toward the north, warsaw, a high of 0. there's a look at your world weather, here is your extended forecast. london on your wednesday, high weather, here is your extended >>> we are back in 30 minutes with more of the latest. i'm gene otani in tokyo. \s
contention. of course, in the london market, around about 18% of the london market cap is made up of russian companies because they're not sure about the quality of the investor base in russia to, obviously, have those listings. now, i spoke earlier to yevgenni , the head of the moscow inter bank exchange. it had its ipo just over an hour ago. it's trading just above the issue price of 55 rubles. and i spoke to the ceo about some of these key issues and about getting international investors excited about investing in an ipo here in russia or hong kong. let's listen in. >> the importance is for our business going forward because we come and speak with our clients and say, listen, you can do a sizable ipo on the exchange. we want to go out there and demonstrate it ourselves that we can go and raise half a billion dollars. it's a good saturday start. >> what has the international community been like? >> it has been predominantly good in judicial names. >> when i look at russian companies, i know that now roughly around about 18% of the listing market cap on the london market, for instance. why
the yen's decline. in fact, we're seeing quite a jump right now for the dollar. 0.6%, in fact, in london trading. right now at 92.95. the euro also gaining ground against the yen. we're seeing that at 125.90. now, earlier in the day the euro had slipped to the lower 124 yen level on investor worries about possible political shakeups in spain as well as italy. let's take a look at other urine yan stocks now. we're seeing trading is mostly higher at this hour despite concerns about the eurozone debt situation. the investors are hunting for bargains after the losses that were experienced on monday. we have the ftse 100 up by 0.5%. gains for the frankfurt market of just over 0.1%. and paris' cac 40 up 0.9%. the picture in asia today, almost a sea of red with the exception of shanghai there. japan's nicky snapping a five-day streak. they hope authorities will take steps to stimulate the economy. >>> looks like the yen's decline is proving to be quite a boone for toyota motor. the carmaker is predicting it will post its first operating profit in five years, thanks to the currency's weakness. t
because i lived in california for four years and new york for 10 years, london for a year and a half areas people ask where i am from, i often tell them i am from brooklyn just to confuse them. when they get quite confused, i say, yeah, east oakland. that confused them even more. i hope everyone can understand may. i used to have a ponytail, which is also hard to imagine. a third fact about me, i started at stanford as premed. i started the economics and premed track at the same time. ultimately, i decide to go into the business world. just to get a sense, can i take a quick poll -- who are undergrads in the audience? and business school students? and members of the community? faculty? rate. -0- - great. we have an excellent and diverse audience. you will have a good dialogue, i imagine people are split on these issues. a couple things i will say -- the professor mentioned the op- ed i wrote about goldman sachs. everything i said i very much believe is true to the industry. i do not think -- goldman is a smart firm and excellent firm at what it does. i do not think it practices are very di
state from the finance ministers. we have a roundup of the g-20 meeting in moscow. >> and london fashion week is under way and international expansion seems to be the latest trend. we'll hear from top designers who are putting their foot forward on the global runway. >>> first, standard & poors says it wants more time to gauge shinzo abe's rating policies. s&p says recent policies could reflat japan's economy. but the government's books will continue to be weighed down by heavy debt. that's even if plans go ahead to raise a sales tax. there's a one in three chance of a downgrade this fiscal year. this is as the japanese prime minister shinzo abe says he will consider changing the bank's mandate. he didn't comment on current policy. all this as investors determine who will become the bank of japan's next governor. front runners for the post include former bank of japan deputy governor and the head of the asian development bank harikahiko tura. >> we did catch up with taro at a meeting this weekend in moscow. the next boj governor was covered, but the first question, whether mr. aso though
degrees in london. 6 degrees in paris with rain showers likely and seasonally cold in moscow. in north america we can see clouds moving across the eastern u.s. and canada. underneath it's there's a lot going on. heavy snow showers and strong winds and drenching rain to the south. let me talk about this one. this system produced at least 15 tornadoes in the deep south on sunday. flooding rain will remain. winds are going to be problematic up to 130 kilometers. it's going to shift in towards the east and snow showers for the northwest on your tuesday. temperatures are not doing too badly in many locations but oklahoma city is going to be an exception. all ght. in east asia is new season has formed producing heavy rain and thunderstorms for taiwan as well as southern islands of japan. this system will head toward the east developing as it does. very cold air is coming in from the north producing lower temperatures across much of japan and precipitation. rain could change over to snow when it reaches central japan from wednesday night. tokyo we could be seeing snow showers from tonight. th
to the situation. instead kerry insist odd a ten-day trip that starts in london. that raised a few eyebrows, says one state department adviser about kerry's decision. in london yesterday kerry poured on his trademark diplomatic harm to show that the special relationship was alive and well. >> it's no accident for sure that this is the first stop on my trip as secretary of state. i came here many, many years ago as a young child, managed to get lost in london zoo. i want to thank somebody for find meg. >> his diplomatic chops were put to the test when he had to privately promise syrian opposition leaders more nonmilitary aid to end their threatened boycott of an international friends of syria meeting. kerry will attend that in rome later this week in london the secretary said the u.s. was examining its options. >> this moment is ripe for us to be considering what more we can do. we are determined that the syrian opposition is not going to be dangling in the wind, wondering where the support is or if it's coming, and we are determined to change the calculation on the ground for president assad. >>
that he talked about on july 26 in london last year, which is the outright monetary transactions where the ecb would buy bonds from the country's in trouble along with the european stability mechanism under certain conditions. in other words, certain conditionality. no, the ecb is not going to put up that conditionality. they have enough as the central bank and no as a supervisor for the banks. and so it will probably be the international monetary fund, but they have not really agreed what kind of conditionality they're going to put up into is going to do it. the lead candidate for this should be spain, but the prime minister of spain told me several months ago, he would only go in to this program f there was no additional conditionality other than what he was taken because he thought he was taking enough in spain. second of all, if the ecb could prove to him that by taking his son that the spreads for the cost of issuing bonds would go down significantly. as you see, nothing has been done there, but what psychologically is of the markets and other this program is there. there really h
. and his speech in london was definitely a discontinuity point. i think he is what -- he impersonates the kind of leadership that we need in europe, someone that is, i would say, multicultural and that has a very clear perception of the global reality. while most of politicians in europe are purely domestic and, therefore, do not fully appreciate that we are competing in a global world. however, mario draghi sits in frankfurt and we need to implement reforms here and italians have to take charge of that, for that. and it's very interesting because you're referring to margaret thatcher in the uk and schroeder in germany. in continental europe, perhaps it is easier for center left coalitions to push forward with structural reforms because they can get the buyin of a larger segment of the population. >> do you think by doing what mario draghi has done he's actually given italy the stability no matter what happens at the election in order to pass through these reforms? he controls the market, in a sense? >> well, that is a very important form of insurance. the results are another one that
london date back to 1936. there were only a handful, only the rich could afford them. which is dangerous. >> much of the early televisions did not catch fire. -- but to the early televisions kept fire, -- caught fire -- much of the early televisions caught fire, they would overheat. >> many people listen to their radios for the coronation of queen elizabeth ii, but then the television craze really kicked off. caller i arrived in the 1960's and most of the world has never -- colors are arrived in the 1960's and most of the world has never looked back. >> we are determined as a group that what has come before should not be lost. >> he and his fellow enthusiasts are trying to get the old gear are trying to get the old gear up and
tuesday. already seeing temperatures fall towards the west by 5 degrees in london between monday and tuesday down to 4 degrees here. meanwhile, 5 in berlin. towards the east, minus 3 for you in moscow. still not too bad here in the mid teens for athens. here's your extended forecast. >>> in japan february 4th marks the first day of spring, that's according to the old japanese calendar. and thanks to some southerly winds it's warm enough today to say spring has arrived. in the western city a type of cherry tree is starting to bloom. the weather on monday is warm rising to temperatures usually not seen until early april. >> translator: i can feel that spring has come because it's warm and the cherry trees are starting to bloom. >> in fukushima prefecture a local brewer has shipped 14 bottles of fresh sake. the brewer is about one of 40 across the country shipping sake marking the arrival of spring. the region is still recovering from the 2011 natural and nuclear disaster. >>> we'll be back in 30 minutes with more news. i'm gene otani in tokyo. -- captions by vitac -- www.vitac.com
around the corner from us here in london. thank you for coming by. >> pleasure. >> do you agree with what the white house is saying and what a lot of these ceos seem to be saying which is that the country is suffering a lack of competitiveness because of the lack of immigration policy? is this the next issue on the agenda? >> i think it's one of the issues. look at how they acted after 2008. i mean, the recession technically in the u.s. was smaller than it was in the eurozone. but the measures that were taken in the u.s. at that point in time in 2008 and 2009 were a lot more stringent than they were in the eurozone. if you look at the job cuts at that point in time, if you look at insolvencies, i think it's a lot more stringent than it happened here. but the flip side of the coin is the way it worked itself out of the recession i think is more impressive than what we're seeing here. wouldn't you say that has more to do with avoiding a sovereign debt crisis by virtue of not being a haphazard monetary union? >> that's part of it. but also, i think the way the u.s. manage itself out of the c
weather here will continue throughout tuesday. low temperatures continue. only 3 degrees in london and 6 degrees in paris. finally, in east asia, we are seeing thunderstorms and heavy rain for the southern islands of japan as well as taiwan. this system is going to be a very problematic one as it heads toward the east. it's going to drag cooler air from the north and bring some precipitation for japan, so low temperatures and humidity, meaning that snow showers are likely, particularly in central japan. even metro tokyo will see some snow showers from tonight into wednesday morning. out towards the west looking dry across much of china, but scattered showers for the phillipines today. your highs cooler than seasonal in tokyo, 7 degrees. 2 degrees in beijing and down towards the south, 33 degrees in bangkok and 32 in manila. that's it for now. up next is your ththe-day outlook. >>> and that wraps up this edition of "newsline." i'm catherine kobayashi in tokyo. thanks for joining us. \
the business. the core of the bank remains the same. london investment bank and new york investment bank. the core of the bank remains the same. they're making changes around the area and the core of it is as it was. >> talk about the investment bank in particular. this has been the place where not just barclay's, but a lot of the competitors, too, try and wind things down. this is a place that's been pretty profitable in the last quarter. >> it is. and they're tied slightly with the investment bank. it's a big part of barclay's profit so he couldn't make big changes. he's announced radical cuts last year. that said, he has promised changes to bring costs down which would shift the balance slightly of shareholders. the cost income ratio was about 55% in 2012. he promised to bring that down to the mid 50s. >> just to stay on this point for a second, even ubs has quietly slowed, perhaps, what it was planning to do. it was the investment bank, in fact, that was one of the healthier parts of the business. >> absolutely. it's been a good end to last year for some parts of the investment bank.
competed in the london mes last ye. the first douemputee to run in the olympics. he went on to win two gold medals in the paralympics. >>> armed robbers have stolen an estimated $50 million worth of diamonds in a raid at brussels airport. brussels police say the gems were being loaded on a plane on monday night for transport to switzerland. the police say two cars drove up to the plane. eight masked men wearing police uniforms jumped out. the men threatened airport workers with machine guns. they took away about 120 cases of rough and cut diamonds. >> the operation at the airport has taken exactly three minutes. so this was a very quick hit and run, very well organized. there has been no shooting. there were no injuries. >> a burnt-out vehicle was later found near the airport. an official of an international diamond organization says it's disturbing the robbers were able to breach airport security so easily. >>> the japanese are desperate to reclaim their title as a competitive exporter nation. but the numbers keep showing that we have a long way to go. ai uchida is he from the business des
more from london later on "cbs this morning." >>> "the washington post" says washington has been rated the worst for gridlock. the average driver there burns 67 hours and 32 gallons of gas each year sitting in traffic. >>> and the "wall street journal" reports dollar stores are feeling the pinch. sales have slowed in part because of rapid growth. dollar general plans to open 635 new stores this year. family dollar stores will open about 500 >>> all right. we have low clouds stretching well onshore even some high clouds cruising in overhead. our mount vaca cam showing you some clouds moving on by as we have a weak cold front approaching the state. not going to bring us any rain. it's going to bring us plenty of clouds throughout the day today. 40s across the board. by the afternoon, highs only in the 50s and maybe low 60s, breezy at the coastline. next couple of days going to be dry. we could see some cold showers, though, on thursday and friday. >> announcer: this national weather report sponsored by kay jewelers. every kiss begins with kay. >>> milli
data out of germany. london is up by 0.3%. we have gains of 0.75% in france. the dollar is losing ground against the yen after the japanese finance minister denied the central bank would buy foreign bonds. the dollar/yen right now at 93.50. the japanese companies are teaming up to win a contract for taking part in a giant offshore oil development project in brazil. they have set up a joint group to build a huge oil rig. the group includes five machinery makers and shipbuilders. >> translator: we have established this group hoping to provide a place where enthusiastic engineers from various companies can come and work together. i hope they will pool their knowledge and ideas and help develop the technology that we need. >> well, as a first step, the group will develop technology for building a facility called the logistic hub off the coast of rio de janeiro. that's where the brazilian government's $100 billion oil development project is under way. this oil field is located some 2,000 meters under the sea and several hundred kilometers offshore. they're hoping to build a rig the siz
and soho earnings out of china. htc and mediatex report fourth quarter numbers. >>> back here in london, the jpmorgan trade known as the london well reportedly tried to warning others at the bank months before they led to losses of more than $6 billion. "the wall street journal" citing e-mails reviewed by a senate panel and jpmorgan and say bruno told another trader last january that the size of his bet wag getting scary. managers didn't stop his trades until march. the senate panel is examining whether the bank failed to disclose crucial information to its primary regulator. >>> and talking of wales, we have another discovery in the uk. slightly different nature, this, and it might leave one british man with a hundred thousand pound payday. 50-year-old ken willman stumbled upon a clump of whale vomit while walking his dog. he initially thought it was a football. but picked it up and noticed a foul smell. he then told sinus that a company offered to pay him 50,000 for the vomit which is used to make perfume. but companies in thailand offered up to 4 times that amount. i'm not sure how y
london games. and now according to the associated press and some other sources has been charged with the murder of his 30-year-old girlfriend. she's a model. she was found shot to death at the south african home of oscar pistorius, the double amputee olympic sprinter who's known as the blade runner. the name of the suspected shooter has not been revealed, but a 26-year-old man, a man the same age as pistorius, has been taken into custody. a court hearing is set for later today. so we're still getting information about what happened. >> yeah. >> some people are suggesting he mistook her for an intruder. others are saying that may just be what he told the police when they walked in and found the scene. you can't overstate how shocking this is. he's not just your average runner. he's an international icon, an inspiration to a lot of people. >> yeah. >> he came out. he had won gold in a lot of paralip pipar paralymp paralympics. he was already a hero for that. then to qualify for the olympics in loss done was historic. he ran in the 4x400. >> you were in london. this was the story.
a new store in central london at 10:45 cet. >>> the secretary of general of the international chamber of commerce in paris. a first on cnbc at clesk cet, 10:00 london time. >>> then a call on comcast shares after the now 100% owner of this company, they've announced they're buying the rest of nbcuniversal in a $16 billion deal. and i still want to say, i feel very comfortable about this. i feel very -- i'm sure you feel happy. good for everybody. >> they like us. >> g.e. stock was up -- >> i didn't like that g.e. stock was up, then i saw the reaction of comcast, all right, they're up, too. >> you, me, fantastic. we're very happy, brian. >> have to say that -- are you pained to say that i should say? >> i don't know. i'm paid, though. don't know if i'm paid to say that, but i am paid. right. have i done enough on that now? >> yes. >>> societe generale swung to a loss on the back of eurozone weakness and one of charges. coming in below expectations, the bank racked up a quarterly net loss of 476 million euros. on top of that, france's number-two listed bank had goodwill writedowns of $2
will prosecute. >> and it looks like markets are expecting the boj to buy on the london engine, but what about buying overseas? we've seen them indicate support for the esm or maybe looking at peripheral european sovereign debt which interestingly enough, europe is probably appreciative of the fact that someone is buying into the industry. but nevertheless, how aggressive might japan be about buying outside its shores in order to help weaken the yen? >> again, this is probably something that will get a clear picture after the -- will have his first meeting with the boj in march. i agree with you, there tends to be a more aggressive move towards european assets. having said so, i do not know if we will see drastic moves on interest rates overall. let's not forget on the debt side of the japan that most of the debt is in the hands of domestic investors that usually have less demand to increase interest rates for the environment suggest so. >> okay. marco -- >> so at the end of the day, i don't see increase of interest expense drastic for japan in the medium term. >> right, right. well, that's th
and poor out people or mayor johnson who stopped on a mugging on the street of london. even if barack obama or bush wanted to, obviously the secret service would not let them get out of limo and interfere with a mugging. it's a different kind of job as a symbolic power. ed in the end you're not surprised when a mayor you see a mayor out on the side of an accident or pulling somebody out of burning buildings. ultimately the mayor sees themselves, first of all, as a ?aib. someone solving problems it's reflected in the statistic. we know that the trust in public north in american throughout the western world and much of the world has plummeted. congress is 12 fortunate in some polls. the presidency not this president but the presidency in 309 and 0. considered wildly popular because he has 52% support right now. the supreme salter ire court numbers have goanl.name poop some would say that's a hello effect. you know the guy you know. whatever you want to call it. neighbors retalk about trust in democracy that has been largely lost elsewhere which means also our relationship to our own town and
. >> great to see you. >> i love london and it's great to be with you. >> thanks. we could be a luxury business. greg furman, are we a luxury business? >> i think you are. information is critical. >> okay. great. i like that. thank you. greg furman. >>> now, roaming charges may be a scary phrase to frequent travelers, but it's the key revenue stream that's in danger of going way for mobile providers. kelly will be speaking from the mobile world congress. she's still in barcelona. day two of that. more to come on "worldwide exchange." [ kitt ] you know what's impressive? a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪ there. i said it. they don't have pictures of my kids. they don't have my yoga mat. and still, i feel at home. could it be the flat screen tv? the not so mini fridge? ♪ the different free dinner almost every we
are suspected. we'll have more from london later on "cbs this morning." >>> the "washington post" says washington has been rated the worst for gridlock. the average driver there burns 67 hours and 32 gallons of gas each year sitting in traffic. >>> and the "wall street journal" reports dollar stores are feeling the pinch. sales have slowed in part because of rapid growth. dollar general plans to open 635 new stores this year. family dollar stores will open about 500 new st >>> millions of dollars were spent on the superdome's electrical system before the super bowl. and the lights still went out. >> all we know is we have an interruption in service that occurred. >> we'll show you how officials knew about a blackout threat for months. >>> and the government is fighting a giant beer merger. we'll show what a merger of budweiser and corona could mean for beer lovers all over america on "cbs this morning." i'm lorenzo. i work for 47 different companies. well, technically i work for one. that company, the united states postal service®, works for thousands of home businesses. because at us
at a meeting of cardinals in london. mark phillips is in london. mark, good morning. >> good morning, norah and charlie. it is a bombshell. it is extraordinary. how extraordinary is it? a pope hasn't resigned for 600 years. the reasons cited were provided by the pope himself this morning. he issued a statement out of the vatican saying, quote, that after having repeatedly examined my conscience before god, i have come to the certainty that my strength due to an advancing age are no longer suited to an adequate ministry. he goes on to say his strength has deteriorated to the point that he has recognized his incapacity to adequately administer the ministry entrusted to him. the pope has been in office for eight years. he turns 86 this april. he is known to have been in frail health. in fact, it was known when he was elected that his health was not strong. one of the tlooers as to why he has resigned is based on the experience of having witnessed the long decline of pope john paul xxii who held on and on as his health clung on as well. a conclave is expected to select a new pope sometime befor
" reported that regulators are focusing now on a complex derivative debt rooted through london built on a recent regulatory action mounted towards a goldman sachs account in switzerland. the product in question is now known as a contract for difference. it allows investors to simply bet on changes in the price of a stock without owning the shares and it's not an option, either. such contracts are not apparently regulated in the u.s., but they are popular in br britain. and goldman sachs knows who put this trade forward in switzerland. >> and won't tell, right? >> and will not tell because the swiss laws say that goldman sachs is not allowed to even tell regulators in the u.s. who actually put the trade through. >> that's crazy. >> they'll fold on that. if the s.e.c. or the u.s. regulators come hard on the swiss, they're ka partnership ewe late. >> the swiss will? >> yeah. they've been under the gun so much in the last five or ten years, banking secretessy has loosened up. >> but it's not going to be pressure on goldman. it's going to be pressure on the swiss. >> it will come through
drop when it opened this morning. richard quest out of london, tell us what is happening. what is the reaction? >> reporter: most dramatic reaction on the italian markets, of course, that fell the best part of 5% in trading on tuesday. yields on italian debt, they rose. and all in all, there is a general feeling that what has happened in italy, because this was an anti-austerity vote, and those parties against austerity did so well, what the feeling is that we could be off to the races again. the people have spoken and they don't like the policies that european bureaucrats are imposing from above in their view and now of course we're starting to see the results. all of the major markets, ftse, dax, all heavily down. >> and the american markets don't like it much either. talking here, when talking about grillo, the comedian, his party does not have a comprehensive plan, political plan, going forward. just said a lot of things that people wanted to hear. people are talking about another election. how is it being viewed there in europe? >> reporter: well, there's no question that
companies, a spocks, the banking arm of lloyd's the lloyd's of london insurance, bank essentially. while bank of scotland and commerzbank. pretty interesting. it's not like to salute your there. a lot of hedge fund managers trade because they want to cover their tracks. he put out a bid, and there are banks that picked up,. he is doing this just as he is talking about financials. why are we telling you this? well, maybe put it into your investment mindset, you know, a guy that likes financials may be turning a little bearish. why? you heard dick did something the other day. liz: 14 years. >> never gone down in value or had a bad quarter. he did not quite say that, but very bullish. financials could have headwinds. european problem starting to creep back. morgan stanley put out a note that said be wary of the european economies. the ability of certain countries to pay back debt. spain obviously a big -- one of the worries and parties, and, by the way, if you're worried about the country's you have to worry about the banks. even here, the bank sold some of that talks to stop. -- the banks
of serious knee injury. let's go to london and talk more about this with cnn's christina mcfarland. what happened? >> well, for anyone that might have seen the video earlier of the crash, brooke, it really was horrific. she seemed to buckle on her right knee as she was going down the super g race, just as she came over a jump. and had to be airlifted to hospital. so it is a serious crash. and a fairly serious injury. we were able to speak to her accident surgeon just earlier and he told us that she's torn two ligaments in her right knee, she doesn't require an immediate operation, but the u.s. ski team are deciding whether or not to airlift her, take her back to the united states right now, so her season is over. >> i'm no lindsey vonn, i tore my acl skiing in colorado and let me tell you, that rehab is not fun, especially if it is your lifetime, your work, your career. christina mcfarland, thank you. >>> a group of spanish tourist were vacationing in beautiful acapulco, mexico, when the unthinkable happened. the middle of the night, sound asleep, a group of armed and hooded men burst in
times" book review. >>> the group of 30 convening in london earlier this morning. this is a group of former central bankers and leaders in financial worlds. key topics were the supply of long-term capital to support long-term investment. for more we're joined by lord adair turner, chairman of the financial services authority and a member of the group of 30. thanks so much for joining us. >> good morning. or good afternoon just in london. >> yes, absolutely. good afternoon to you. we really want to talk about all the news that you have created in the last week, because you're talking about helicopter money. that we should remove the taboo of monetization, just a lot more printing, am i oversimplifying it? >> only slightly. i mean, the idea that governments and central banks should not finance deficits with money is one of the great taboos in economics. one of the interesting things about it is if you go back to what milton friedman wrote in 1948 or what henry simons, one of the founding fathers of the chicago school wrote in 1936, they believed that it was the obvious thing to do t
jersey. they traded in london but had huge days, bwin almost 15 times its average daily volume. i want to point out people, this legislation has nothing to do with sports betting. new jersey is moving ahead with that as well but can't start doing it until or unless they settle a lawsuit with major sports and ncaa. with the thing with on-line betti betting, they are in early and it'll be huge in it happens. >> thanks, folks. >>> what inspired clint eastwood's empty chair ref willry? here is a hint. it involves neil diamond, sweet caroline. the answer on power when we come back. [ kitt ] you know what's impressive? a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪ >>> as we mentioned earlier, chris christie vetoed a gambling bill and he said he would sign off on it if it had a ten-year. >> michelle? >> i like state laws. you shou
bureaucracy and paying more to get a u.k. visa just to come to london for two or tree days? >> right. -- or three days? >> right. why isn't britain part of the system in. >> there are lots of reasons, but if i give an analogy, the mexican government last year decided that if you had a u.s. visa, if you fought your way through the u.s. visa mechanism to get a u.s. visa, that was good enough for the mexicans. you didn't have to get a separatea. that's all i'm asking that china consider. they're a big market, there's estimates of losing two billion pounds a year through retail outlets. chinese tourists big spenders. >> at a time when they're looking for any way to increase growth why not pursue this obvious one? >> when chinese come, they come in groups. at the moment, they're not coming to the u.k. if you look in the reverse direction in beijing and shanghai shanghai,they've decided people can go without a visa. they're trying to encourage them to stop on the way to somewhere else, but the u.k. is not listening to the approach. >> when we look at the olympics, that was such a way for b
the future of kiwi raises concerns, markets in london, germany, spain down 1%. asia down as well. shanghai down 3%. jim, you got sequester, you got fed, you got gas prices are, like they all converged in a matter of a couple days. >> you feel the switch has flipped, things going well is going badly. i want to caution the weakness of the month-old fed meetings notes is they are a month old. they see what we see. they don't wake up and say ignore gasoline and forget the sequester around the idea the world is somehow better -- no it's not. i would point out that the sequester chat iris going to grow and grow and grow. so every time you pick the paper up from now on until it happens, it is going to take your breath away. what happens for some of these, military, they are not close the golf courses, a great link. i was looking at all the great golf courses the military has. 800,000 civilians furloughing, that means spending power reduced with the payroll tax holiday. the scare tactics are going to be in and you got to steel yourself if you're going to stay longer. >> you call it a scare tactic,
and bersani cast their votes. we'll have coverage on that as soon as the polls close, 1500 c.e.t. london time. >>> nicholas anastasia swept to an election victory on sunday. he pledged to work with the country's eu partner toes secure a swift rescue package, insisting that the new government would prepare such an image around the world. >>> and a slowdown in chinese exports has been pulling back on the economy. it posted a fourth consecutive month of expansion. china's hsbc flash pmi index for february slipped to 50.4, the lowest reading in four months and down from a two-year high in january of 52.3. no one is hitting the panic button just yet. >> while the flash pmi slipped from a two-year high in yarn, it tells us china's economic recovery is intact. 6.4 is considered that the week long lunar new year holiday fell in february of this year. look back at lunar new year last year and you can see some of the distortion effect it fell in january 2012. what may be worry background this month's flash pmi is the new export orders subindex. it inched down to contraction territory, add to go existin
of the blackberry ten launch. in london in the uk, it shows that the device sold out in 20 minutes at many big retailers. today in canada, they are already seeing record sales. we think we will be able to get our first crack on march 27. you can buy this device today. i checked on ebay. i checked out much it would cost. people said they did not like it at first, but the evidence is showing the contrary. not off to a good start for blackberry. connell: shibani in the newsroom. just back from toronto with her phone. dagen: like when you have been driving a ford pinto, even the crappy thing is a huge improvement. connell: let's go to nicole. nicole: happy ninth birthday to facebook. let's take a look at zynga. some positive comments from bank of america. it is up 5.8% right now. kellogg, the cereal company, all-time highs today. estÉe lauder, the customer spending quite freely. green mountain coffee roasters touching a nine-month high. it finally closes that gap. we are back to where we started. back to you. connell: people with a certain level. giving the boot to tax heavy states like californi
-- libor manipulation. j.p. morgan's london whale, where they did not even understand their risk, let alone management. and regulators have to supervise that to protect all of us. host: our caller mentioned gretchen mark gunston, a writer at "the new york times," -- you can find it on the web site, the video library but archives. rich demuro, special inspector general for tarp, -- christy romero. she has had prior roles at sigtarp and was also at the u.s. securities and exchange commission who -- and served as counsel to mary schapiro and christopher cox. and investigative financial fraud, insider trading and other violations of securities law. she spent time as a litigator. her jd is from brigham young law school and she went to school here, old dominion university. the special inspector general from tarp and a recent report. treasury continues approving excessive -- excessive pay. on twitter -- is this all hindsight? guest: it is interesting. one of the things we constantly report on is things that should have been done better. you have to respect that a lot of decisions were made with a
terrific. >> we hired an incredible special effects company out of london. we wanted to be able to bring all of these wonderful moments. daniel and the lions, jesus walking on water, moses crossing the red sea to life with the latest and greatest cgi. >> do you discover that most people who think the bible are boring are the ones that have actually never read it? you can say a lot of things about the bible, but it is not boring. it has so much drama. you want sex, lies, and there wasn't videotape, but if there had been, right? it's extraordinary human drama. >> great story in its own. you think about it. shakespeare wouldn't have existed really without the bible. 1,200 quotes in there, including lord of the rings, narnia. none of these movies would exist without the bible. >> there's so much biblical illiteracy and references in regular literature, and this will help. what do you want people to take away from the whole thing, real quickly? >> it's a love story. we all topt reconnect with the bible. we found on this journey a lot of biblical illiteracy. it's sort of embarrassing, actually
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